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MarketScreener Homepage  >  Equities  >  Xetra  >  Puma SE    PUM   DE0006969603

PUMA SE

(PUM)
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PUMA : aims for 90% share of more sustainable materials...

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04/23/2019 | 03:44am EDT

'We are proud that we have reached our targets for more sustainable materials two years earlier than planned. We still have room for improvement, which is why, we have taken steps with our suppliers to sharply increase the amount of more sustainable materials in our products going forward,' said Stefan Seidel, Head of Corporate Sustainability at PUMA.

Following a previous target of 50%, PUMA now aims for 90% of all cotton and polyester used in its products to come from more sustainable sources by 2020, part of the company's strategy not to focus on individual collections, but to create a substantial positive environmental impact throughout its product range.

'By focusing on PUMA's entire range, we can make a much larger positive impact and save a considerable amount of natural resources,' Seidel added.

At the end of 2018, 50 % of all cotton and 66 % of all polyester used in PUMA apparel came from more sustainable sources. Such sources include bluesign certified polyester, a production standard which eliminates harmful chemicals from the production process and promotes resource efficiency, and cotton from the Better Cotton Initiative, an organisation seeking to improve the environmental, social and economic impact of cotton production.

In 2018, PUMA also reached its target of sourcing 90 % of its leather and paper/cardboard from more sustainable sources two years ahead of schedule, using FSC certified paper and cardboard as well as leather from tanneries with a medal rating of the Leather Working Group.

Through its 10FOR20 targets set in 2015, PUMA aims to improve its sustainability performance in ten areas including the environment and the wellbeing of workers in the factories of its suppliers. At the end of 2018, PUMA was on track with eight of the ten targets it had set.

For more information on PUMA's sustainability performance, you may consult the company's latest annual report, which is available on https://annual-report-2018.puma.com

The Press Release can be downloaded below.

Disclaimer

Puma SE published this content on 23 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 April 2019 07:43:16 UTC

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Sales 2019 5 366 M
EBIT 2019 439 M
Net income 2019 260 M
Debt 2019 354 M
Yield 2019 0,69%
P/E ratio 2019 40,0x
P/E ratio 2020 32,6x
EV / Sales2019 2,01x
EV / Sales2020 1,77x
Capitalization 10 406 M
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Number of Analysts 22
Average target price 66,94  €
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Spread / Highest target 16,4%
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Bjørn Gulden Chief Executive Officer
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